Meghan Pasricha
About Meghan Pasricha
Independent Class III director at Bridger Aerospace Group Holdings (BAER) since April 2025; age 39. Partner at Galvanize Climate Solutions; previously Managing Director at Riverstone Holdings with nearly 10 years of direct lending experience, prior roles at The Carlyle Group and UBS Investment Bank; Harvard College (magna cum laude) and MBA from Harvard Business School . Elected by shareholders on June 5, 2025 to serve until the 2028 annual meeting . The Board determined she is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Riverstone Holdings | Managing Director (Direct Lending) | Nearly 10 years (noted) | Sourced/structured financing solutions for asset-backed energy companies |
| The Carlyle Group | Private Equity Investor | — | Investment role |
| UBS Investment Bank | Investment Banking (early career) | — | Analyst/associate track |
| Water solutions company | President | — | Led company operations |
External Roles
| Organization | Role | Start | Notes |
|---|---|---|---|
| Galvanize Climate Solutions | Partner | 2024 | Focused on decarbonization investment strategies |
| Women in Climate Investing & Finance (WICIF) | Co-Founder | — | Industry network/co-founder |
| Nonprofit (youth leadership/community service) | Co-Founder & CEO | — | Social impact role |
Board Governance
- Independence: The Board affirmed Pasricha qualifies as “independent” under Nasdaq rules .
- Election outcome: Votes for 15,596,629; withheld 135,001; broker non-votes 21,978,143 (June 5, 2025) .
- Committee assignments: Not listed as a member of Audit, Compensation, or Nominating & Corporate Governance committees in the 2025 proxy; current members are Hayes/Fascitelli/Howard (Audit), Heller/Fascitelli/Hayes/Schellenberg (Compensation), Howard/Fascitelli/Heller (Nominating) .
- Board activity context: Board met 6 times in 2024; each director then serving attended >75% of Board and committee meetings; directors encouraged to attend annual meetings .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $100,000 | Pro-rated for partial year service |
| Committee/Chair fees | Not disclosed | No additional director chair fees disclosed in proxy |
| Meeting fees | Not disclosed | No per-meeting fees disclosed |
| Compensation alignment | “Consistent with other non-employee directors” | Pasricha’s compensation explicitly to follow standard non-employee director program |
Performance Compensation
| Equity Component | Grant | Fair Value | Vesting/Notes |
|---|---|---|---|
| RSUs to non-employee directors (Sept 2024) | 38,887 shares | $100,000 | Unvested RSU holdings disclosed for Hayes/Howard; standard director program equity; Pasricha appointed Apr 2025, future grants not disclosed |
| Program description | RSU grants under 2023 Omnibus Incentive Plan | — | Director equity awarded via RSUs; grant-date fair value based on closing price |
No director performance metrics (TSR, EBITDA, etc.) tied to director compensation are disclosed; director pay is cash retainer plus time-based RSUs .
Other Directorships & Interlocks
- Other public company boards: None disclosed for Pasricha in BAER filings (8-K appointment and 2025 proxy biography) .
- Potential interlocks/conflicts: Company states it is not aware of any Item 404(a) related-party transactions with Pasricha at appointment .
Expertise & Qualifications
- Capital solutions and credit: Direct lending, structured financing for energy/infrastructure assets .
- Climate/ESG orientation: Partner at climate-focused Galvanize; co-founded WICIF .
- Education: Harvard College (magna cum laude) and Harvard Business School MBA .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Basis |
|---|---|---|---|
| Meghan Pasricha | 0 | 0.00% (outstanding shares 54,742,646) | Beneficial ownership table (record date Apr 24, 2025) |
| Initial statement | “No securities beneficially owned” | — | Form 3 filed 04/24/2025 |
- Pledging/hedging: Company policy prohibits directors from hedging or pledging company securities .
Insider Trades
| Form | Filing Date | Key Disclosure |
|---|---|---|
| Form 3 (Initial Statement) | 04/24/2025 | No securities beneficially owned; Director relationship indicated |
| Form 4 (Changes) | — | No Form 4 transactions found in company disclosures reviewed to date |
Say-on-Pay & Shareholder Feedback
| Item | Outcome | Notes |
|---|---|---|
| Advisory say-on-pay | Not required | BAER is an emerging growth company; not required to conduct say-on-pay votes |
| 2025 Director election (Pasricha) | For: 15,596,629; Withheld: 135,001; Broker non-votes: 21,978,143 | Strong shareholder support recorded in 8-K |
Related Party Transactions
- None involving Pasricha disclosed at appointment; Company not aware of transactions requiring Item 404(a) disclosure .
- Broader related-party context (not involving Pasricha): historical transactions with founder-related entities (PC-12 leases, training/charter rentals), bond purchases by former executives, and agreements with MAB Funding; all overseen under a related person transaction policy and Audit Committee review .
Governance Assessment
- Strengths: Independent status; strong shareholder mandate in 2025 election; deep credit and capital markets expertise aligned with BAER’s capital optimization needs; company-level prohibition on hedging/pledging supports alignment .
- Alignment and ownership: As a new director, currently no BAER share ownership; watch for initial RSU grants and accumulation to build “skin-in-the-game” over time consistent with director equity program .
- Committees/engagement: Not yet assigned to standing committees per 2025 proxy; future committee placement (Audit/Compensation/Nominating) would enhance board effectiveness signals given her background .
- Conflicts: No Item 404 related-party transactions disclosed; external roles at Galvanize/WICIF noted—monitor for any business intersections with BAER counterparties; current disclosures signal low conflict risk .
- Shareholder oversight context: Board conducted six meetings in 2024 with >75% attendance among then-serving directors; Compensation Committee has authority over director pay and can retain independent consultants .